Under Armour is planning about 400 layoffs as part of an update to its restructuring plan announced on Thursday.
The Baltimore-based apparel company said it is making a 3-percent reduction to its workforce globally, with layoffs expected to be completed by March 31, 2019. The company did not release further details on how many layoffs would come at its Baltimore headquarters.
“Baltimore has been the bedrock of our winning brand and we are deeply committed to the city we call home,” a spokesperson said in a statement. “This community is a key to the innovation that will allow us to reimagine the future. Through this transition, we will be approaching every teammate with the utmost care and respect, but these are necessary steps to become a more operationally excellent company.”
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